Total amount raised
$219.3 Millions
Latest funding date
Location
Title
Country Delight has successfully raised significant funding over multiple rounds, establishing itself as a key player in the fresh farm products delivery market. The company offers a seamless platform for delivering a wide range of fresh products, including dairy, breads, eggs, fruits, vegetables, pulses, and oil, directly to customers' homes.
Keep reading to explore the intricacies of Country Delight's fundraising journey and the investors backing this innovative platform.
What Is Country Delight?
Country Delight, founded in 2015, is based in Gurgaon, India. The company was established by Nitin Kaushal and Chakradhar Gade. With a workforce of over 500 employees, Country Delight focuses on delivering fresh farm products directly to consumers.
How Much Funding Has Country Delight Raised?
- Angel Round
- Amount Raised: $117.5K
- Date: August 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the business and develop the initial product offering.
- Seed Round
- Amount Raised: $631.8K
- Date: January 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the product line and increase market reach.
- Seed Round
- Amount Raised: $465.2K
- Date: November 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and enhance delivery logistics.
- Series A
- Amount Raised: $1.5M
- Date: March 2018
- Lead Investors: Orios Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve supply chain efficiency.
- Series B
- Amount Raised: $10M
- Date: January 2019
- Lead Investors: Z47
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and enhance product offerings.
- Series B
- Amount Raised: $6.5M
- Date: February 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and increase customer base.
- Series C
- Amount Raised: $25M
- Date: November 2020
- Lead Investors: Elevation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology infrastructure and expand product range.
- Series C
- Amount Raised: $5.9M
- Date: July 2021
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen market position and improve customer experience.
- Series D
- Amount Raised: $65M
- Date: March 2022
- Lead Investors: Venturi Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new regions.
- Series D
- Amount Raised: $43M
- Date: May 2022
- Lead Investors: Temasek Holdings, Venturi Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product diversification and enhance supply chain.
- Series E
- Amount Raised: $1.7B
- Date: January 2024
- Lead Investors: Temasek Holdings
- Valuation at Round: $820M
- Motivation Behind the Round: To support overall growth and valuation increase.
- Series E
- Amount Raised: $760M
- Date: May 2024
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide a large secondary exit to an earlier investor and support growth.
- Debt Financing
- Amount Raised: $76M
- Date: May 2024
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund expansion, capacity building, and brand marketing efforts.
- Debt Financing
- Amount Raised: $70M
- Date: August 2024
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support similar purposes as the previous debt round.
- Debt Financing
- Amount Raised: $25M
- Date: October 2024
- Lead Investors: Alteria Capital
- Valuation at Round: $804M
- Motivation Behind the Round: To bolster expansion, capacity building, and brand marketing initiatives.
Total Amount Raised: $200M. Current Valuation: $804M.
Key Investors
- Alteria Capital
- Details: Alteria Capital is one of India's largest venture debt providers, managing a corpus of approximately Rs 4,400 crore across three funds. They have backed over 200 startups.
- Investment Focus Areas: Venture debt, growth-stage companies, capacity building.
- Notable Investments: Rebel Foods, Spinny, Ola Electric.
- Temasek Holdings
- Details: Temasek Holdings is a global investment company headquartered in Singapore. It has a diverse portfolio across various sectors.
- Investment Focus Areas: Financial services, telecommunications, media & technology, transportation & industrials, consumer & real estate.
- Notable Investments: Alibaba, Airbnb, Ant Financial.
- Venturi Partners
- Details: Venturi Partners is an investment firm that focuses on consumer brands and companies with a strong growth trajectory. They participated in a $20 million funding round for Country Delight.
- Investment Focus Areas: Consumer brands, growth-stage companies, expansion.
- Notable Investments: Not publicly disclosed.
- Matrix Partners
- Details: Matrix Partners is a venture capital firm known for investing in early-stage companies. They have a strong presence in the technology and consumer sectors.
- Investment Focus Areas: Early-stage companies, technology, consumer sectors.
- Notable Investments: Quikr, Practo, Ola.
- Elevation Capital
- Details: Elevation Capital is a venture capital firm that invests in early-stage and growth-stage companies. They led a $25 million Series C round for Country Delight.
- Investment Focus Areas: Early-stage companies, growth-stage companies, technology.
- Notable Investments: Paytm, Swiggy, UrbanClap.
What's Next for Country Delight?
Country Delight is poised for significant growth, with opportunities to expand operations, build capacity, and enhance brand marketing. The company has already secured Rs 200 crore in venture debt from Alteria Capital, which will support these initiatives. With a current valuation of over $800 million and a subscriber base of 1.5 million users across 15 cities, the potential for further expansion is substantial.
Future fundraising opportunities are likely, including additional venture debt or equity rounds, as the company prepares for an IPO. However, challenges such as competition from established players, maintaining product quality, and managing logistics will need to be navigated carefully. The direct-to-consumer model and increasing demand for fresh, unadulterated food products present a promising landscape for Country Delight's continued success.
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